MUI promotes sharia banking among Muslims 3rd March 2021
Chief of the MUI Office in Central Java, Ahmad Darodji, receives a BSI delegation in Semarang on Wednesday. (ANTARA/HO/Dokumentasi MUI Jawa Tengah)
The number of sharia bank customers is still small. (Sharia compliant banks) currently hold an 8.5-percent share of the market, while the rest (of the people) have opted for conventional banks. Semarang, C Java (ANTARA) - The Indonesian Ulemas Council (MUI) is encouraging Indonesian Muslims to use the services of Bank Syariah Indonesia (BSI), as part of efforts to develop sharia banking in the country. The number of sharia bank customers is still small. (Sharia compliant banks) currently hold an 8.5-percent share of the market, while the rest (of the people) have opted for conventional banks, chief of the MUI Office in Central Java, Ahmad Darodji, said while receiving a BSI delegation here on Wednesday.
Boosting the Economy, State-Owned Banks Lower Interest Rates republika.co.id - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from republika.co.id Daily Mail and Mail on Sunday newspapers.
At its latest monetary policy meeting, which ended on 18 February 2021, the central bank of Indonesia (Bank Indonesia) decided to cut its benchmark interest rate (BI 7-Day Reverse Repo Rate), again, by 25 basis points (bps) to 3.50 percent, touching a historically low level.
By doing so, Bank Indonesia reconfirmed its accommodative policy stance. However, it is also a clear signal that the negative impact of the COVID-19 crisis on the Indonesian economy is far from over, despite several ministers (including Coordinating Minister of Economic Affairs Airlangga Hartarto) expecting to see the return of positive economic growth, on an annual basis, in the first quarter of 2021.
Seven shop-cum-houses in Singkawang City, West Kalimantan Province, caught fire in the wee hours of Friday.
An eyewitness, Wahyu, who works as a security .
Tunaikita
Indonesias total of outstanding loan balances (including residential mortgage balances outstanding, personal loan balances and credit card balances) recorded a compound annual growth rate (CAGR) of 8.3% during the review period (2014-2018), reaching IDR$2,750.5tn ($191.18bn). The majority of loan balances outstanding are from personal loans; personal loan balances outstanding accounted for 79.2% of total balances in 2018, followed by home loans (17.8%) and credit cards (3%). The mortgage loans market was the fastest-growing market during the review period. The Indonesian lending space is dominated by Bank Central Asia (BCA), Bank Mandiri, Bank Tabungan Negara and Bank Rakyat. In the coming years, GlobalData expects the consumer lending market to grow at a slower pace due to economic headwinds.